Foreign Currency Banking Unit

Seylan Bank Foreign Currency Banking Unit (FCBU) operation relates to the Banking operations of Non National individuals, Non National entities, Board of investment (BOI) approved companies locally and Special Approved Projects (SAP) approved by regulators. Under FCBU operations, the accounts are maintained in designated foreign currencies only. The accounts are opened after completing the due diligence, KYC and AML procedures as per the requirement of the banks policies. The funds in the FCBU accounts are exempted from all local Exchange Control Regulations and freely transferable to any part of the world. Also funds are freely transferable to local Rupee accounts..

The accounts are booked in two categories as On Shore accounts for (locally approved BOI and SAP projects) and Off Shore accounts of Non Nationals. Under our FCBU unit, you will have the opportunity to grow your organization and your selves the way you always dreamed by obtaining our unmatched personal services.